Orvis Sets Layoffs and Store Closures; Discontinues Catalog
Vermont-based Orvis, founded in 1856, announced plans to lay off 112 employees, close some of its retail stores and discontinue its iconic catalog “to enable a smaller and more agile business.” “Orvis is in a period of business evolution that requires us to think differently.
Accell Group Undergoes Debt Restructuring | SGB Media Online
Oct 8, 2024 · Netherlands-based Accell Group NV, backed by Kohlberg Kravis Roberts & Co (KKR), agreed to a restructuring that writes off 40 percent of its debt and will see its liabilities at the operating group level cut to €800 million ($881 million) from €1.4 billion, with maturities extended through to 2030.
New Era Cap Celebrates 2024 World Series with LA Dodgers …
Nov 1, 2024 · For the eighth time in franchise history, the LA Dodgers are World Series Champions, and New Era Cap, LLC, the official cap of MLB, has created a 2024 World Series collaboration with official on-field caps worn after the final inning.
Pickleball Kingdom Franchise to Open in Lynnwood, WA in Early …
Sep 24, 2024 · Pickleball Kingdom is opening a new facility in Lynnwood, WA, led by brother/sister team John and Mara Hylton. Targeting an early 2025 debut, the facility will occupy a 37,000-square-foot space previously occupied by Bed Bath & …
S&S Activewear Completes Acquisition of Alphabroder
S&S Activewear completed the purchase of Alphabroder, merging the two branded apparel distributors for an undisclosed amount. S&S Activewear CEO Frank Myers will continue to lead the combined companies, with support from Aphabroder CEO Dan Pantano.
EXEC: Nike Eyes Stronger Return to Outdoor Business with …
Oct 17, 2024 · Nike has reportedly tasked Angela Dong, Nike’s top executive in Greater China, with overseeing its outdoor sub-brand, All Conditions Gear (ACG), as Nike revisits its opportunity in the outdoor space to revive growth.
Fromuth Racquet Sports Acquires Tennis-Point - SGB Online
Jun 14, 2024 · Online retailer Tennis-Point, formerly owned by Signa Sports United, was acquired by Fromuth Racquet Sports. Tennis-Point was formerly Midwest Sports, owned and operated by Greg and Lisa Wolf for over 30 years before being acquired by Signa Sports United in 2021 and changed the company’s name.
SGB Media Online | Active Lifestyle Market B2B Information
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
Blink Fitness Receives Court Approval for Sale
Nov 13, 2024 · Blink Fitness announced that the U.S. Bankruptcy Court has approved the sale of its corporate operations and New York and New Jersey locations to PureGym.
Beachbody to Cut 33 Percent of Staff in New Omni-Channel …
Oct 1, 2024 · The Beachbody Company, Inc. (Bodi) said it is evolving its core business model with an omni-channel sales channel approach that will streamline operations and better position the company for future profitable growth.